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20110723
20110723
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on the dotted line? >>> plus another twist in britain's phone hacking scandal, find out which high level news corp. exec could soon be under investigation. that's coming up .  >>> getting back to the debate over the debt ceiling now, talks breaking down today and major garrett joins us. thank you for being with us tonight. >> my pleasure. >> i assume you're not surprised from what you were saying here last night. >> not really. the prospect of a big grand bargain always seemed very difficult to achieve and clearly you saw tonight the country saw two very frustrated political leaders, one president obama and one speaker boehner. they thought they were at least within range, but in the end disagreements over tax increases and the magnitude and spes 50 of entitlement cuts meaning -- specificity of entitlement cuts meaning med care, medicaid and social security prove -- medicare, medicaid and social security proved too much for the house leaders to agree on. now over the weekend they have to come up with a debt ceiling increase plan that meets the president's and speaker boehner's co
made -- britain is that the supreme court has made it clear the ability to raise and spend money is really a first amendment right and that is -- doesn't mean that you can't have some constraints, but i think they've made very clear and rulings throughout the last 34 years that you cannot put constraints on the ability to go out, talk about politics, run your campaign. now, one development has been that a lot of candidates now do supposedly testing the waters, you know, they start running for president within days, it seems, after the last election. and what happens is they have gotten very coy about when they actually form their presidential campaign exploratory committee. they actually test the waters before they actually test the waters. and it does make -- you have this feeling of the perpetual campaign. but given our court system, given our -- the way that campaign finance and laws have been interpreted by this court over the years, i don't think there's really any constitutional way to say you cannot raise money and start competing. and the reason that people start running
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